Skip to main content

Get 50% OFF QuickBooks for 3 months*

Buy now
Switch to QuickBooks and 70% off for 3 Months
July 2, 2020
Question

categories & accounts

  • July 2, 2020
  • 1 reply
  • 4 views

If my company receives a refund for overpayment of taxes, how do I categorize that and what account?

1 reply

Rustler
Level 15
July 2, 2020

Deposit the funds and use the tax paid expense account as the source account for the deposit